Real Estate Sales Growth for the Top 10 areas in Dallas was up an average of 21% in the first quarter of 2012. The McKinney area experienced the most overall real estate sales growth with an increase of 35% compared to last year, selling $99.7 million this quarter. McKinney also lead in the growth of homes sold, selling 446 homes, which was a 39% increase.

Park Cities was the overall area leader in total dollar sales with $189.3 million in home sales, a 33% increase over last year. Following in second place was the Frisco area with $170.5 million in home sales, a 6% increase. In third place was the South Denton County area including Flowermound, Highland Village, and Lewisville homes selling $153.9 million, which is a 21% increase.

The greatest number of homes sold was in the South Denton County area of Flowermound, Highland Village, and Lewisville, with 662 homes selling. That is a 26% increase in homes sold compared to last year. Frisco was in second place, selling 584 homes, which is a 6% increase. In third place was North Denton County, including Denton and Little Elm, selling 578 homes, increasing real estate sales 29% from last year.

Park Cities homes lead in the highest average price at $1,051,933, a 2% increase over last year. Following in second place were Preston Hollow homes, selling at an average of $675,643, a 15% decrease. In third place was Addison homes selling at an average of $316,961 a 6% increase in real estate sales prices.

As a real estate agent, I know how overwhelmed home-buyers can feel. One thing to remember is that it’s important to have your financing and per-qualification work in process to ensure a smooth transaction. The Texas home market in the DFW Metroplex has improved over last year in the first quarter of this year. With prices and interest rates at historic lows, this is a great time for first-time home buyers and current home owners looking for a larger house. As the spring begins and school ends, more homes like those at Reali will be put on the market and more prospective buyers will be looking. Also, keep in mind that traditionally, the second and third quarters are the busiest in the real estate industry.

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North Texas Real Estate Information System (NTREIS) provides this information monthly based on local real estate sales. Information is believed reliable but is only as accurate as reported by the system in the month of March 2012. Park Cities Homes is NTREIS area 25 which includes Highland Park and University Park Homes. Frisco Homes is NTREIS area 55. Denton County South is NTREIS area 41 with includes Lewisville, Flowermound, Corinth, and Highland Village Homes. Coppell Homes is NTREIS area 20. White Rock area homes is NTREIS area 12 and includes Lakewood, Lower Greenville, and “M Streets”. McKinney Homes is NTREIS area 25. Denton County North is NTREIS area 31 which includes Denton, Little Elm, and Aubrey Homes. Preston Hollow Homes is NTREIS Area 11. Addison Homes is NTREIS area 10 and Allen Homes is NTREIS area 51.